Member shipping lines in the Transpacific Stabilization Agreement (TSA) are recommending a series of minimum short-term market rates for the Asia-US trade, to take effect May 1, 2015.
The new rates are intended to complement previously announced minimum service contract rates, also effective May 1, as part of TSA’s overall 2015-16 revenue program.
“While most cargo in the trade continues to move under contract, more customers use the short-term market as a hedge for certain commodities and types of shipments,” said TSA executive administrator Brian Conrad . “Given current cost pressures, it is essential that carriers address both market segments simultaneously for the coming year. ”
Conrad stressed that carriers remain committed to a scheduled April 9 GRI and to the May 1 minimums for new contracts. Further GRIs are likely for the summer peak period, beginning in June, with details to follow.
The new Asia-U.S. market rate minimums are proposed in the following amounts: